Sec. 8. If the commission determines that a person is eligible under this chapter for an owner’s license, the commission may issue an owner’s license to the person if:

(1) the person pays an initial license fee of twenty-five thousand dollars ($25,000); and

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(2) the person posts a bond as required in section 9 of this chapter.

As added by P.L.277-1993(ss), SEC.124.

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